VOL. XLI
No. 12
23-March-1998
SAUDI ARABIA
Saudi Corral Considers Merger Of Moroccan Oil Refineries
The privately-owned Swedish-based Saudi oil company Corral Petroleum Holdings AB isconsidering a plan to merge the administration and operation of its two Moroccanrefineries. In May 1997, Corral purchased the Moroccan Government's shareholding in theSamir refinery and the Societe Cherifienne des Petroles (SCP) refinery for a total ofMD3.983bn - $422mn (MEES, 12 May 1997). The merger is designed...
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